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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-25
Interbank euro rates ease

Interbank euro rates ease

European banks increased their borrowing of three-month funds from the European Central Bank on Wednesday as fallout from Ireland's debt problems tightened lending conditions in money markets for weaker eurozone banks. The higher demand for ECB long-term
Published 25 Nov, 2010 12:00am
Euro edges up in Asia

Euro edges up in Asia

The euro edged up from a two-month low on Wednesday, finding support after a massive sell-off sparked by the eurozone debt crisis and heightened tensions in the Korean Peninsula. The common currency ticked up on light buying after its fall of 1.9 percent
Published 25 Nov, 2010 12:00am
Euro falls versus dollar in London

Euro falls versus dollar in London

The euro fell to a two-month low against the dollar on Wednesday, extending its losses on uncertainty over Ireland's plans to tackle its debt problems and fears the crisis could spread to other peripheral eurozone countries. Peripheral government bond yie
Published 25 Nov, 2010 12:00am
Early trade in New York: Euro climbs versus dollar

Early trade in New York: Euro climbs versus dollar

The euro climbed from a two-month low against the dollar on Wednesday after losing over 2 percent in the last three sessions as investors considered the move overdone in thin trade in a holiday shortened week. Part of the gain, which left the euro little
Published 25 Nov, 2010 12:00am
Dollar rises broadly

Dollar rises broadly

The dollar rose for a second straight day on Tuesday after North Korea's shelling of a South Korean island enhanced the currency's safe-haven appeal, while fear that an Irish debt crisis could spread punished the euro. The euro plunged to a two-month low
Published 25 Nov, 2010 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 70.34/70.35 (previous 70.34/70.35). Call Money Rates: 5.50-25.00 percent (previous 5.50-28.00 percent).
Published 25 Nov, 2010 12:00am
Swiss franc flat versus euro

Swiss franc flat versus euro

The Swiss franc traded near flat against the euro on Wednesday after the safe haven currency rose sharply in the previous session on worries about the European debt crisis and tensions in the Korean Peninsula. The Swiss franc was largely unchanged versus
Published 25 Nov, 2010 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee slipped to a fresh two-month low on Wednesday amid an equity market sell-off in late trade on reports of a federal probe into loans issued by financial institutions, while broad dollar gains also weighed. The partially convertible rupee c
Published 25 Nov, 2010 12:00am
Asian currencies largely stabilised

Asian currencies largely stabilised

Emerging Asian currencies largely stabilised against the dollar on Wednesday as markets calmed after a sell-off sparked by North Korea's deadly shelling of a South Korean island. A return of exporters' demand for local currencies and bets by some investor
Published 25 Nov, 2010 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

A bout of short-covering lifted the Australian and New Zealand dollars from three-week lows on Wednesday, but Europe's debt woes and tensions on the Korean peninsula prevented the pair from climbing too far. Traders said speculators had bet against the Au
Published 25 Nov, 2010 12:00am
Yuan closes lower

Yuan closes lower

China's yuan ended lower against the dollar on Wednesday after the People's Bank of China set a weaker mid-point to reflect a rally in the US Dollar Index, driven by renewed tensions on the Korean peninsula. But the 0.18 percent fall in the PBOC's mid-poi
Published 25 Nov, 2010 12:00am
Sterling climbs

Sterling climbs

Sterling hit a near two-month high against a broadly struggling euro on Wednesday due to uncertainty about how the euro zone will deal with debt problems facing weaker periphery members. The euro fell as low as 84.28 pence, its weakest since late Septembe
Published 25 Nov, 2010 12:00am
Sangakkara boosts Sri Lanka

Sangakkara boosts Sri Lanka

Kumar Sangakkara hit an impressive 135 not out under pressure to boost Sri Lanka in the second Test against the West Indies on Wednesday. The skipper hit one six and 16 fours in a 252-ball knock for his 24th Test hundred as Sri Lanka posted 294-5 in their
Published 25 Nov, 2010 12:00am
First Ashes Test starts: Clarke fit for Australia, England confident

First Ashes Test starts: Clarke fit for Australia, England confident

Michael Clarke was declared fit on Wednesday to play in the first bout of what promises to be a titanic Ashes tussle as Australia finally caught a break on the eve of the start of the five-Test series against England. Badly hit by injuries and form slumps
Published 25 Nov, 2010 12:00am
China makes Guangzhou Games most successful ever

China makes Guangzhou Games most successful ever

China made the Guangzhou Asian Games its most successful ever in terms of total medals on Wednesday when it claimed its 343rd of the event. On day 12 of the showpiece multi-sports event, dominant table-toppers China made the Guangzhou Games its most succe
Published 25 Nov, 2010 12:00am
Liu wins redemption as another drugs case tars Games

Liu wins redemption as another drugs case tars Games

Superstar hurdler Liu Xiang won redemption Wednesday in front of home fans for his Beijing Olympic disaster by claiming Asian Games gold on a day tarnished by a second positive doping test. Liu contributed to his country's tally by winning the 110m hurdle
Published 25 Nov, 2010 12:00am
Adamjee Insurance Golf Tournament from November 27

Adamjee Insurance Golf Tournament from November 27

Adamjee Insurance will host its 27th Golf Tournament at the Karachi Golf Club, Karsaz on November 27 and 28, 2010, says a press released issued here on Wednesday. The tournament will be played within five categories, which include Ladies, Juniors, Seniors
Published 25 Nov, 2010 12:00am
Zidane and Ronaldo to play for Pakistan, Haiti in charity match

Zidane and Ronaldo to play for Pakistan, Haiti in charity match

World champion footballers and UN Goodwill Ambassadors Ronaldo and Zindine Zidane Tuesday announced that the 8th Annual Match Against Poverty will raise funds for the nearly 25 million people affected by the Pakistan floods and Haiti earthquake.
Published 25 Nov, 2010 12:00am
Pakistan face Afghanistan in cricket semi-finals today

Pakistan face Afghanistan in cricket semi-finals today

Mighty Sri Lanka, the world's third-best Test team, looked distinctly second-rate on Wednesday when minnows Nepal came agonisingly close to pulling off a stunning Asian Games upset. Despite boasting 11 players in their squad who have played international
Published 25 Nov, 2010 12:00am
Milan and Marseille march on, Arsenal stumble

Milan and Marseille march on, Arsenal stumble

Striker Zlatan Ibrahimovic hit the target for AC Milan yet again on Tuesday as the former winners took their place in the last 16 of the Champions League along with an inspired Olympique Marseille. The pair qualified with a game to spare by taking runners
Published 25 Nov, 2010 12:00am
Ognenovski crowned Asian player of the year

Ognenovski crowned Asian player of the year

Australia's Sasa Ognenovski was crowned Asian player of the year on Wednesday, while his South Korean side Seongnam Ilhwa won club of the year. In a big night for Australia at the Asian Football Confederation (AFC) annual awards, Kathryn Gill was also nam
Published 25 Nov, 2010 12:00am
Eto'o apologises for headbutt

Eto'o apologises for headbutt

Inter Milan striker Samuel Eto'o has issued a public apology for the headbutt that saw him cop a three-game ban and 30,000 euro fine. The Cameroon captain reacted to a foul by Chievo's Bostjan Cesar on Sunday by running over to the Slovenian centre-back a
Published 25 Nov, 2010 12:00am
Pakistan salvage a series draw

Pakistan salvage a series draw

Misbah-ul-Haq played a captain's knock of 58 not out to salvage Pakistan a draw in the second Test against South Africa and finish the two-match series without a result. Misbah, who scored an unbeaten 76 in the drawn first Test in Dubai last week, counter
Published 25 Nov, 2010 12:00am
Portugal unions strike over austerity measures

Portugal unions strike over austerity measures

Portuguese labour unions mounted a general strike on Wednesday, pressing the government to scrap austerity measures intended to ward off a debt crisis that is spreading through the eurozone. After Ireland's decision to seek assistance from the EU and IMF,
Published 25 Nov, 2010 12:00am
China, Russia ink deals worth $8.5 billion: Wen

China, Russia ink deals worth $8.5 billion: Wen

Premier Wen Jiabao said on Wednesday that Chinese companies had signed a dozen deals with Russian counterparts worth more than 8.5 billion dollars as he held top-level talks near Moscow. "This morning our entrepreneurs signed 13 contracts worth 8.6 billio
Published 25 Nov, 2010 12:00am
Ecuador signs new oil deals, Petrobras balks

Ecuador signs new oil deals, Petrobras balks

Five oil companies operating in Ecuador agreed to new service deals on Tuesday, leaving Brazil's Petrobras as the only large operator to reject contracts aimed at increasing state petroleum revenues. The leftist government of Rafael Correa will hail the t
Published 25 Nov, 2010 12:00am
Iraq opens new court to protect foreign investors

Iraq opens new court to protect foreign investors

Iraq on Wednesday inaugurated a new court formed to resolve disputes between foreign investors and Iraqi companies as part of efforts to encourage investment into its moribund economy. In a ceremony attended by senior judges, prosecutors and judicial offi
Published 25 Nov, 2010 12:00am
UBS, others sued for $2 billion over Madoff fraud

UBS, others sued for $2 billion over Madoff fraud

The trustee seeking to recover money for defrauded Bernard Madoff investors has sued UBS AG and others for more than $2 billion, accusing them of collaborating in the imprisoned swindler's massive Ponzi scheme. UBS was accused of sponsoring foreign feeder
Published 25 Nov, 2010 12:00am
General Motors recalls midsize pickups

General Motors recalls midsize pickups

General Motors and Isuzu are recalling more than 192,000 midsize pickups to fix a problem with child safety seat anchors. The National Highway Traffic Safety Administration says the recall affects the Chevrolet Colorado and GMC Canyon models from the 2004
Published 25 Nov, 2010 12:00am
World trade growth slows

World trade growth slows

Growth in world trade slowed sharply in the third quarter of this year as the force of the rebound from the economic crisis ebbed, figures from the Dutch CPB economic institute showed on Wednesday. World trade volumes in the three months ended September w
Published 25 Nov, 2010 12:00am
German business morale jumps

German business morale jumps

German business sentiment rose in November to its strongest level since 1991, a survey showed on Wednesday, highlighting a rift in the eurozone as the bloc's largest economy leaves smaller states behind. The Munich-based Ifo think tank said its business c
Published 25 Nov, 2010 12:00am
Saudi Arabia extends government workers' inflation allowance

Saudi Arabia extends government workers' inflation allowance

Saudi Arabia is extending a 15 percent inflation supplement for government workers to cushion the impact of fast-rising prices, the Finance Ministry said. Government employees saw their paychecks rise by 15 percent in the past three years due to an inflat
Published 25 Nov, 2010 12:00am
EU needs courage to make investors share risk: Merkel

EU needs courage to make investors share risk: Merkel

German Chancellor Angela Merkel said on Wednesday European politicians needed the "courage" to make private investors share in the risk of future debt crises in the eurozone and show financial markets who is in charge. "Have politicians got the courage to
Published 25 Nov, 2010 12:00am
Microsoft wins piracy case against Chinese internet cafes

Microsoft wins piracy case against Chinese internet cafes

Microsoft Corp has won a landmark copyright infringement case against a chain of internet cafes in China using pirated software, a news report said Wednesday. Tonecan Network Communication Co Ltd agreed to pay the US software giant an undisclosed amount i
Published 25 Nov, 2010 12:00am
Exports give boost to UK economy

Exports give boost to UK economy

Exports gave a boost to Britain's economy in the third quarter of this year, contributing half of its 0.8 percent growth, but a slowdown in household and government spending highlight risks to the recovery ahead. Figures from the Office for National Stati
Published 25 Nov, 2010 12:00am
US jobless claims drop to lowest level since July 2008, spending rises

US jobless claims drop to lowest level since July 2008, spending rises

New US claims for jobless benefits hit their lowest level in more than two years last week while consumer spending rose for a fourth straight month in October, suggesting the economy is nearing a self-sustaining recovery. The picture was further brightene
Published 25 Nov, 2010 12:00am
US aircraft carrier heads for Korean waters

US aircraft carrier heads for Korean waters

The United States said on Wednesday it believed North Korea's shelling of a South Korean island this week was an isolated act tied to leadership changes in Pyongyang and called on China to use its influence to stop the North's provocative behaviour. Admir
Published 25 Nov, 2010 12:00am
Kuwait, Iraq agree new border deal

Kuwait, Iraq agree new border deal

Iraq and Kuwait have agreed to create a 500-metre (yard) no-man's land on each side of the border and move Iraqi farmers to new homes, a Kuwaiti official said in comments published Wednesday. Under the deal, Kuwait undertook to build up to 50 homes inside
Published 25 Nov, 2010 12:00am
'National tragedy' as 29 perish in New Zealand mine disaster

'National tragedy' as 29 perish in New Zealand mine disaster

All 29 men missing in a New Zealand coal mine have died after a powerful second blast tore through the pit, authorities said Wednesday, plunging the country into mourning. Police said there was now no chance of finding anyone alive, confirming the country
Published 25 Nov, 2010 12:00am
Reformist Bihar chief minister sweeps poll

Reformist Bihar chief minister sweeps poll

The reformist chief minister of Bihar, India's poorest state, swept back to power on Wednesday after trouncing his rivals in polls that punished the scandal-hit national ruling party. With a population of 83 million, Bihar has for decades been a developme
Published 25 Nov, 2010 12:00am
Protests, complaints greet Afghan poll results

Protests, complaints greet Afghan poll results

Afghan officials announced most of the long-delayed results from a September parliamentary election on Wednesday, but more disqualifications and protests and the emergence of a potential new opposition bloc clouded the poll. The credibility of the result
Published 25 Nov, 2010 12:00am
Turkish government suspends military officers

Turkish government suspends military officers

Turkey's government has removed three high-ranking officers from duty pending the outcome of a trial in which a group of military officers are accused of plotting to overthrow the Islamic-oriented government. The suspensions Wednesday were the first time
Published 25 Nov, 2010 12:00am
Brazil court rejects case on US role in 1964 coup

Brazil court rejects case on US role in 1964 coup

Brazil's Supreme Court on Tuesday rejected a case brought against the United States for its alleged role in the 1964 military coup against then president Joao Goulart. The case was brought by relatives of the leftist leader, who was toppled in the coup. T
Published 25 Nov, 2010 12:00am
European court lifts halt on deportations to Iraq: Sweden

European court lifts halt on deportations to Iraq: Sweden

The European Court of Human Rights has lifted its blanket suspension on deportations to Iraq and will again treat the issue on a case-by-case basis, Sweden's migration authority said Wednesday. "The European Court of Human Rights has today (Wednesday) inf
Published 25 Nov, 2010 12:00am
British Euro MP booted from parliament in 'fascist' spat

British Euro MP booted from parliament in 'fascist' spat

A British Euro MP was booted from the European Parliament on Wednesday after calling a German colleague an "undemocratic fascist." The verbal dust-up between Godfrey Bloom, member of the UK Independence Party, and Germany's Martin Schulz, leader of the as
Published 25 Nov, 2010 12:00am
Medvedev slams ruling party for Russia's 'stagnation'

Medvedev slams ruling party for Russia's 'stagnation'

President Dmitry Medvedev on Wednesday launched an unprecedented attack on the party that has ruled Russia for the past decade, saying its dominance has left the country stuck in "stagnation." United Russia - whose overall leader is prime minister and Med
Published 25 Nov, 2010 12:00am
Protesters scuffle with police at UK student demonstration

Protesters scuffle with police at UK student demonstration

Demonstrators scuffled with police in central London on Wednesday when thousands of students and school pupils protested across Britain against government plans to raise university tuition fees. Small groups of protesters hurled placards at officers and o
Published 25 Nov, 2010 12:00am
Late coming of doctors irk patients

Late coming of doctors irk patients

Patients in Sindh Government Hospital, Saudabad, Malir are facing severe problems due to late coming of doctors in OPDs. They said patients have to wait long in OPDs for doctors, as their late coming is becoming a routine matter.
Published 25 Nov, 2010 12:00am
Sugar mills: cane commissioner revises transport charges

Sugar mills: cane commissioner revises transport charges

Cane Commissioner Sindh Hyderabad Tariq Memon through his office order has revised the transport charges in all sugar mills for lifting sugarcane due to increase in the price of diesel from Rs 71.15 to Rs 78.92 per litter.
Published 25 Nov, 2010 12:00am
First Bridal Couture Week from November 26

First Bridal Couture Week from November 26

Pakistan's first Bridal Couture Week would take place in Lahore from November 26 to 28. Information on the arrangement received here on Wednesday says it will be featuring exclusive fashion of bridal couture.
Published 25 Nov, 2010 12:00am
High prices of essential goods: APCA observe strike

High prices of essential goods: APCA observe strike

All Pakistan Clerks Association (APCA) observed strike on Wednesday to protest against escalating prices of sugar, gas, petrol and other daily items for use. On the occasion, the Association took out a protest rally from Old Anarkali to Punjab Assembly, w
Published 25 Nov, 2010 12:00am
Mushahid's mother death condoled

Mushahid's mother death condoled

Pakistan Muslim League (Like-minded Group) President Senator Salim Saifullah accompanied by Secretary General Humayun Akhter Khan visited the residence of PML-Q Secretary General, Mushahid Hussein Sayed here on Wednesday to condole with him over the demis
Published 25 Nov, 2010 12:00am
Warriach congratulated

Warriach congratulated

Senior provincial Minister Raja Riaz Ahmad and provincial Minister for Finance Tanvir Ashraf Kaira have congratulated Imtiaz Safdar Warraich on his new assignment as president, Pakistan People Party (PPP) and expressed their good wishes for him.
Published 25 Nov, 2010 12:00am
Adequate arrangements stressed to rehabilitate flood survivors

Adequate arrangements stressed to rehabilitate flood survivors

The Administrator Jamshoro District Samihuddin Siddiqui has asked the officers concerned to ensure adequate arrangements and provide maximum facilities to flood affected families so that their safe return to their native towns and villages could be ensure
Published 25 Nov, 2010 12:00am
Japan shows interest in garlic, ginger import

Japan shows interest in garlic, ginger import

Punjab has all the infrastructure to attend the needs of foreign investment and Punjab Board of Investment and Trade (PBIT) is providing technical support and assistance to foreign investors for initiating new projects in province, said CEO, PBIT Saadat M
Published 25 Nov, 2010 12:00am
Loadshedding to restart from December-end

Loadshedding to restart from December-end

Present spell of zero load shedding would come to an end from the last week of December when provinces go for annual canal closure, resulting in substantial reduction in hydropower generation The power consumers, therefore, would have no option but to exp
Published 25 Nov, 2010 12:00am
New York cotton up on technicals, demand

New York cotton up on technicals, demand

US cotton futures bounced to a firmer finish on Wednesday, as technically oversold conditions and prospects of greater Asian demand growth helped prices snap a two-week losing streak that shaved more than 26 percent from the market. "I think it was just o
Published 25 Nov, 2010 12:00am
US copper down

US copper down

Copper ended down after hitting its lowest in a week on Tuesday as geopolitical tension added to concerns over Europe's debt crisis, driving investment money into safer-havens such as gold and the dollar. COMEX copper for December delivery shed 4.90 cents
Published 25 Nov, 2010 12:00am
Shanghai copper up

Shanghai copper up

Copper rose by more than one percent in London and Shanghai on Wednesday, paring the previous session's losses, but sentiment was brittle, stressed by geopolitical tension on the Korean peninsula and eurozone debt. Benchmark third month futures in Shangha
Published 25 Nov, 2010 12:00am
Copper moves higher

Copper moves higher

Copper rose on Wednesday, supported by supply concerns, with investors also taking comfort from US data that showed a rise in consumer spending and a fall in the number of people claiming unemployment benefits. Three-month copper on the London Metal Excha
Published 25 Nov, 2010 12:00am
Tokyo rubber futures fall three percent

Tokyo rubber futures fall three percent

Key Tokyo rubber futures fell more than 3 percent on Wednesday as global financial markets were rattled by heightened tensions in the Korean Pennisula following a North Korean artillery attack on a South Korean island near the border. The key Tokyo Commod
Published 25 Nov, 2010 12:00am
US soya higher

US soya higher

US soyabean futures closed higher on Tuesday, tracking a rally in corn fuelled by fund and commercial buying and underpinned by concern about dryness in portions of South America's crop region. CBOT January up 17-1/2 cents per bushel at $12.39. Funds boug
Published 25 Nov, 2010 12:00am
Malaysian palm oil rebounds

Malaysian palm oil rebounds

Malaysian palm oil futures rebounded from three-week lows on Wednesday on the back of a firmer overseas soya complex and expectations of strong overseas demand. US soya and soyaoil futures rose during Asian trading hours, driven by strong commercial buyin
Published 25 Nov, 2010 12:00am
New York sugar surges

New York sugar surges

US raw sugar futures closed 3 percent higher on Tuesday, shooting up from negative territory to become the day's best performer on the Reuters-Jefferies CRB index, on trade and fund buying. Coffee and Liffe sugar futures also reversed higher in light volu
Published 25 Nov, 2010 12:00am
Liffe sugar sharply higher

Liffe sugar sharply higher

Liffe March white sugar ended $28.70 higher at $709.70 per tonne on Wednesday, supported by trade and system fund buying. Market also buoyed by unseasonal rains in India which have reduced production in some areas. Liffe March cocoa ended 2 pounds higher
Published 25 Nov, 2010 12:00am
Oil jumps $2 a barrel

Oil jumps $2 a barrel

Oil rose more than $2 to above $83 a barrel on Wednesday, up from a near-week's low in the previous session, with positive US economic data and pre-Thanksgiving holiday short-covering providing support. Weekly US inventory data from the Energy Information
Published 25 Nov, 2010 12:00am
US gold rises

US gold rises

US gold futures ended up 1.5 percent on Tuesday, setting a seven-session high as simmering tensions on the Korean peninsula and increasing worries over a European debt crisis prompted investors to buy both the metal and the US dollar as safe havens.
Published 25 Nov, 2010 12:00am
Gold up in Asia

Gold up in Asia

Gold edged up on Wednesday but showed a muted reaction to the heightened tensions between the two Koreas, with investors still focused on the debt crisis in Europe, which has put pressure on the euro. Gold added $1.31 an ounce to $1,377.51 an ounce by 065
Published 25 Nov, 2010 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell on Wednesday after two days of gains as US data allayed some concern about growth, while fears over the risk Ireland's debt crisis poses to other eurozone economies sent gold in euros to five-month highs. US data showed consumer inflation fell t
Published 25 Nov, 2010 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Sugar futures rose on trade and fund buying early on Wednesday, while coffee and cocoa consolidated as US data allayed some concern about economic growth. ICE March raw sugar stood 0.36 cent or 1.3 percent higher at 27.69 cents a lb at 1526 GMT. ICE marke
Published 25 Nov, 2010 12:00am
US MIDDAY: soya, corn and wheat up

US MIDDAY: soya, corn and wheat up

Chicago Board of Trade grain and soya complex at 9:47 am CST (1547 GMT) on Wednesday. Friday is last trading day for CBOT December options. December wheat up 8 cents per bushel at $6.50. December corn up 8 cents per bushel at $5.36-1/2. January soyabeans
Published 25 Nov, 2010 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

Copper closed firm early on Wednesday, tracking a positive tone in equity markets, after a batch of generally upbeat data in the United States reinforced healthier economic recovery prospects in the world's largest economy. COMEX copper for December deliv
Published 25 Nov, 2010 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

Gold fell on Wednesday after two days of gains, as encouraging US jobless claims data allayed some worries about growth due to fears Ireland's debt crisis could spread to other eurozone economies. New US claims for unemployment benefits last week dropped
Published 25 Nov, 2010 12:00am
Woman among five car lifters arrested

Woman among five car lifters arrested

National Highways and Motorway Police (NH&MP) has recovered four stolen/snatched vehicles and arrested a lady among five car lifters in last two days, said Javed Chaudhry spokesperson of the NH&MP. Talking to Business Recorder Javed Chaudhry said t
Published 25 Nov, 2010 12:00am
Capital police arrest seven suspects

Capital police arrest seven suspects

Islamabad Police nabbed seven outlaws including three proclaimed offenders who were looting people on gunpoint and recovered stolen items and three pistols from their possession. The detained accused during preliminary investigation confessed their involv
Published 25 Nov, 2010 12:00am
'Effective intelligence system a must for eradicating crime'

'Effective intelligence system a must for eradicating crime'

An effective intelligence system is not only imperative for eradicating crime, but also helps law enforcement agencies to work efficiently, said Tahir Alam Khan Senior Superintendent of Police (SSP) Islamabad here on Wednesday.
Published 25 Nov, 2010 12:00am
Muharram-ul-Harram: Punjab seeks Army, Rangers deployment

Muharram-ul-Harram: Punjab seeks Army, Rangers deployment

Punjab government has requested deployment of Pakistan Army and Rangers in 24 sensitive districts of the province during Muharram-ul-Harram. In this regard, the Home Department of Punjab has sent a letter to Interior Ministry seeking its help in deploying
Published 25 Nov, 2010 12:00am
Pakistan worst victim of climate change: experts

Pakistan worst victim of climate change: experts

Pakistan is amongst the lowest carbon emitters but is the worst victim of climate change as the magnitude of global vulnerability is unavoidable when it comes to atmospheric change. These were the concerns of experts at a seminar "Pre-Cancun Climate Chang
Published 25 Nov, 2010 12:00am
SCCI asked to make proposals on transit treaty

SCCI asked to make proposals on transit treaty

Governor Khyber Pakhtunkhwa, Owais Ahmad Ghani has asked Sarhad Chamber of Commerce & Industry (SCCI) for preparing of concrete proposals to remove the apprehensions of the business community with regard to Pakistan-Afghanistan Transit Trade Agreement.
Published 25 Nov, 2010 12:00am
Pathetic condition of railways

Pathetic condition of railways

Our railways like many other government-owned and operated enterprises, is in dire straits. In India, the Indian railways was also running in loss until Lalu Prasad Yadev became the minister for railways and he turned the loss-making entity into a profita
Published 25 Nov, 2010 12:00am
Be positive

Be positive

Nowadays life is full of depression Pakistan in this year has gone through so many catastrophic situations because of flood and terrorism. Many people lost their lives and families in the flood. Everyday riots create so much stress among the civilians. Th
Published 25 Nov, 2010 12:00am
Rice production withers as Egypt diverts vital water supply

Rice production withers as Egypt diverts vital water supply

In Kafr el-Sheikh, rice farmers once looked forward to harvest time, but work has dried up in the large Nile Delta town since water shortages prompted heavy restrictions on production. Under pressure from upstream countries to use its share of the river's
Published 25 Nov, 2010 12:00am
Black economy: Causes of distorting the horizontal and vertical equity

Black economy: Causes of distorting the horizontal and vertical equity

The purpose of this article is to discuss the problem of black economy in relation to its emergence, its impact on the economy and society. Black economy is that segment of the economy, which is unreported and is not part of the national reporting system.
Published 25 Nov, 2010 12:00am
VIEWPOINT: Afghan war: the endgame is getting hot

VIEWPOINT: Afghan war: the endgame is getting hot

Pretension was writ large over last week's Nato summit in Lisbon, as the summiteers announced a four-year transition plan for Afghanistan that envisions an end to ISAF combat operations by December 2014 after transfer of all security responsibilities to t
Published 25 Nov, 2010 12:00am
The two Koreas

The two Koreas

Over the last 60 years or so, the Korean Peninsula has never been tension-free, with periodic spurts of violence on the common border between the South Korea and North Korea. Invariably, each of these escalations has generated fears of things getting out
Published 25 Nov, 2010 12:00am
Provincial profligacy

Provincial profligacy

According to a Business Recorder exclusive, the aide-memoire sent to the Minister of Finance Dr Hafeez Sheikh by the International Monetary Fund (IMF) mission highlighting the agreements between the two during the recent talks emphasised the need f
Published 25 Nov, 2010 12:00am
PPL clinches MAP Award for third consecutive year

PPL clinches MAP Award for third consecutive year

Pakistan Petroleum Limited (PPL) achieved another milestone by bagging the prestigious Management Association of Pakistan's (MAP) 27th Corporate Excellence Award in the Fuel and Energy sector for the third consecutive year. This award affirms the company'
Published 25 Nov, 2010 12:00am
Mirza for stringent security measures

Mirza for stringent security measures

Sindh Home Minister, Dr Zulfiqar Ali Mirza, has called for stringent security measures in the province for the maintenance of law and order and protecting the lives and property of the people. A statement here on Wednesday said that he had issued directiv
Published 25 Nov, 2010 12:00am
Metro, P&G to celebrate Global Hand Washing Day

Metro, P&G to celebrate Global Hand Washing Day

Metro Cash & Carry and P&G joined hands together to conduct a massive hand washing activity on the Global Hand Washing Day at Metro Cash & Carry Pakistan's, wholesale centre premises. P&G co-ordinated approx. 500 children from 4 schools along with parents
Published 25 Nov, 2010 12:00am
Clarification by Karachi IR Directorate of Internal Audit

Clarification by Karachi IR Directorate of Internal Audit

The Directorate of Internal Audit (Inland Revenue), Southern Region, Karachi, has disputed the veracity of the news item published in this newspaper in respect of RTO Karachi, officers of FBR and the judgement pronounced by Sindh High Court on November 12
Published 25 Nov, 2010 12:00am
Kharif crops: Sindh government out to dewater farmlands

Kharif crops: Sindh government out to dewater farmlands

The Sindh government on Wednesday replaced an approved development scheme with the dewatering project to get inundated farmlands ready for Kharif season 2011, especially the paddy crop, it is reliably learnt. Officials in Sindh Agriculture Department told
Published 25 Nov, 2010 12:00am
LPGDAP calls off strike

LPGDAP calls off strike

In consequence of stern punitive measure taken by the Oil Gas Regulatory Authority (Ogra) against 22 LPG marketing companies, the LPG Distributor Association of Pakistan (LPGDAP) on Wednesday announced to call off November 25th strike.
Published 25 Nov, 2010 12:00am
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